Agent-Based Evolutionary Method of Simulation the Co2 Emission Permits Market

Jarosław Stańczak

doi:10.2478/fcds-2013-0012

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Agent-Based Evolutionary Method of Simulation the Co2 Emission Permits Market

Foundations of Computing and Decision Sciences

Volume 38 (2013): Issue 4 (December 2013)

By: Jarosław Stańczak

Open Access

|Dec 2013

Abstract

This article describes the problem of simulation of the CO₂ emission permits market. First, it introduces a CO₂ permission market model with transactions and purchase prices, in particular with a separate goal function for each party, transactions with price negotiations between regions and - as a consequence of introducing prices for permits - the possibility of investigating the influence of purchase/sale prices on the market. The behavior of such market model is simulated using a method, which is based on a specialized evolutionary method but introduces independent agents with their own transaction preferences.

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